Quotation of the Day

“We’re quite skeptical in general of the hedge fund industry,” said Andrew K. Tsai, Co-Founder and managing principal, Chalkstream Capital Group.

Industry data shows that sixty-one percent of all hedge fund money is concentrated in the hands of the top 100 hedge funds, and, said Tsai, “that (level of) concentration makes for some wacky correlations my family office would rather stay away from”.


From http://www.businessinsider.com/family-offices-question-hedge-funds-2013-6#ixzz2VMkC3cnZ